Europe hurts Staples' Q1 sales

The operator of about 2,300 office supply stories worldwide met profit views, missed on revenue and kept its view for slow growth this year. Staples (SPLS) said Q1 EPS rose 7% to 30 cents, meeting views. Revenue fell 1% to $6.1 bil vs. last year, vs. estimates of $6.18 bil, on weakness in Europe and Asia. Staples sees EPS for the full year growing in the high-single digits, in line with views. ...

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